The Property Podcast cover image

The Property Podcast

TPP603: The most connected man in property shares his secrets

Oct 3, 2024
Nathan Spencer, a master connector in the property space, organizes high-profile events that unite industry leaders and politicians. He shares insider tips on thriving in property networking akin to the Glastonbury Festival. The chat dives into the interplay between politics and real estate, revealing emerging hotspots and investment opportunities. Nathan also updates us on recent changes in mortgage borrowing limits, insightful trends amid rising interest rates, and the growing impact of institutional investment in the rental market.
27:52

Episode guests

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Quick takeaways

  • Nathan Spencer discusses how the UK Reef event unites property stakeholders, fostering collaborations that can drive economic growth and project development.
  • The loosening borrowing limits by lenders like Nationwide signal a shift in the mortgage market, improving access for first-time buyers amid rising interest rates.

Deep dives

Changes in the Mortgage Market

Recent developments in the mortgage market have significant implications for first-time buyers. Nationwide has raised its borrowing limit to six times earnings, improving access to property for many. Previously, lenders like Halifax and Lloyds had increased their loan multipliers to five and a half times household income. This shift signals a trend of loosening lending practices, even as interest rates rise, and property prices remain high, indicating a changing landscape for potential homeowners.

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